Yesterday, Railway Tours paid its annual dividend of $1.20 per share. The company has been reducing the dividends by 10 percent each year. What is the value of this stock at a discount rate of 13 percent?
A) $4.70
B) $3.71
C) $8.31
D) $36.00
E) $27.00
A) $4.70
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Which of the following generational cohorts are the grandparents of the Millenials?
A) Silent Generation B) Generation X C) GI Generation D) Generation Y
Pierre's Ice Cream Company produces ultra-rich ice cream, which it sells in Cleveland, Ohio, and other neighboring places. Last year, its actual return on investment exceeded its target return on investment (ROI) for that fiscal year
The following results were found on its financial statements: Gross revenues: $250,000 Total assets: $500,000 Gross profits: $100,000 Total liabilities: $200,000 Net profits after tax: $ 50,000 Owner's equity: $300,000 What was the actual ROI for Pierre's Ice Cream Company? a. 6.67 percent b. 10 percent c. 22 percent d. 28 percent
Forge Company, a calendar-year entity, had 6,000 units in its beginning inventory for 20X8. On December 31, 20X7, applying the lower-of-cost-or-market (NRV) principle, the units had been adjusted down to $470 per unit from an actual cost of $510 per unit. It was the lower of cost or market (NRV). No additional units were purchased during 20X8. The following additional information is provided for 20X8: Inventory Unit Market QuarterDate (units) Value FirstMarch 31, 20X8 4,800 $455 SecondJune 30, 20X8 4,000 480 ThirdSeptember 30, 20X8 3,100 440 FourthDecember 31, 20X8 2,000 455 Forge does not have sufficient experience with the seasonal market for its inventory units and assumes that any reductions in market value during the year will be
permanent.Based on the preceding information, the cost of goods sold for the first quarter is: A. $546,000 B. $564,000 C. $636,000 D. $624,000
It is more common for companies to choose a ________ dividend policy over a ________ dividend policy
A) zero; positive B) residual; sticky C) sticky; residual D) There have been no empirical studies done on this question.